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MSNBC
Dec 29, 2012 2:00am PST
leader mitch mcconnell will bring to a vote, or put mine to a vote. >> and chrkristen, i did not he about the sequester or the spending cuts that people are talking about in the fiscal cliff, and the debt e creeling that tim geithner said that we would have to raise any day now, and is this the next couple of months in terms of the debate? does the white house have a strategy of dealing with both in the next phase? >> well, they are quite clear that there's probably just too much at this point to put that in this initial package and specifically the debt ceiling, and saying there is no way to address that right now. they know that is the next big hurdle they are going to have to face once they deal with the immediate issue of the tax hikes and spending cuts, so i believe that you are absolutely right. in terms of the strategy f they have one, they have not revealed the details about that quite yet. president obama today, and what i thought was interesting is using the power of the bully pulpit to put pressure on congress to get this basic deal done that he is calling for, and richar
Comedy Central
Dec 11, 2012 1:00am PST
leader mitch mcconnell knows what that means >> the president of the united states, now he's asking for an unlimited -- unlimited -- authority to borrow whenever he wants to for whatever amount he wants to? >> jon: (musming) all right. so the senator clearly doesn't know what the debt ceiling means. the debt ceiling is a control imposed on the treasury department by congress in order to, you know, is there just some well informed and respected authority that can explain what the debt ceiling is >> it gives the government permission to pay back the money we already borrowed >> jon: totally right. i didn't understand it because he was talking too fast but i think he's [bleep] right. and i like that lady too. i don't know her. even if senator mcconnell doesn't understand the debt ceiling he does understand how to play senate chess. he knows while obama wants the debt ceiling debate removed, senate majority leader harry reid, he don't have the 51 votes he needs to get that passed so mcconnell is going to trap reed in a corner. >> an unlimited authority to borrow whenever he wants to for
MSNBC
Dec 5, 2012 12:00am PST
himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for trying to move. the process along and getting to a point where hopefully we can have a real discussion. >> house democrats are cranking up the pressure. tim walsh of minnesota introduced a discharge petition on the middle class tax cuts in the house. if it gets 218 signatures, it would get a floor vote before the end of the month. >> this is an issue that we all agree on. >> democratic leader nancy pelosi announced a plan for the discharge petition last week. the petition keeps the focus on extending tax cuts for 98% of americans. i spoke to leader pelosi late this afternoon about the strategy and the latest developments in the debt standoff. >> thank you for joining us tonight. >> my pleasure. >> the discharge petition, what are your expectations? >> well, my expectations have already been exceeded because we have over 150 members, house democrats who have signed i
MSNBC
Dec 29, 2012 12:00am PST
harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> but the president was i
MSNBC
Dec 9, 2012 7:00am EST
put it lightly. here's the story. you have demint to mitch mcconnell to his right almost beating him the last time around, trying to move him to the right, and candidates and whackier ones like kristin o'donnell around the country trying to get somebody several notches to the right of what we have in the senate. bob bennett, not right wing enough, john mccain. their idea of right wing is way out and the leader of them all is this guy leaving the senate. how do you see it? >> this is the place where the conservative movement and the republican party oftentimes part ways. jim demint has been the burr in the bonnet of mitch mcconnell people on the left think of as this hard right in trtransigenty who said his top priority was making barack obama a one term president. mitch mcconnell is like john boehner and old time deal-maker, old-fashioned. people like jim demint can't stand people like that. they feel the party has become too easy to change. remember they were screaming bloody murder, the democrats and thought the president had done that and they feel john boehner had lost that negot
MSNBC
Dec 9, 2012 4:00am PST
will split in two. on one side, you have establishment, john boehner and mitch mcconnell. to them, the election was lost because the conservative ideologues pulled him so right he could never find his way back in november. on the other side, jim demint, rick santorum and the industrial complex that make the same argument ideologues always make when they lose, the problem our guy wasn't ideological enough. the problem is going out in technicolor with demint bolting out to become the ceo of the conservative movement. joining me is the former head of the rnc and joy reed, managing editor of rio.com, also one of us. this is what happens when you go near the misery index, the rush limbaugh show. yesterday, jim demint, still the united states senator from south carolina and the out-going heritage foundation president dent and rush made fun of the speaker. let's listen. >> well, i think it's safe to say boehner is not forcing either of you guys out, right? >> that's pretty true. it might work a little bit the other way, rush. >> what do you make of that? it might work a little bit the ot
CNN
Dec 31, 2012 8:00am PST
-- i'm going to toss it back to you because mitch mcconnell, we believe is on the floor, he's the key negotiator on the republican party. >> let's go to mitch mcconnell on the floor. he's been the closer on this. i'm going to go back to you, dana. he's not there quite yet. this is all in the hands of the senate at this point. you were talking about tom harkin. the it's something progressives hated, this idea of social security changes being on the table. they won on that. >> i have to tell you i'm having some audio problems but i think you asked about social security. so i'm going to go with that. that was a potential issue yesterday. it seems to have been resolved. republicans, we were told by democrats, this was a clear tactic to tell us about this. republicans had put that on the table. the idea of so-called chained cpi which would have an effect on social security recipients. republicans backed off on that after a meeting yesterday. that doesn't seem to be on the table. but forgive me, i thought mitch mcconnell was on the floor. the other thing i wanted to tell you about is mcconn
CNN
Dec 30, 2012 4:00pm PST
late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's not going to happen. in fact, the house, they brought people back for a vote tonight just to
MSNBC
Dec 29, 2012 1:00pm PST
? >> reporter: that is true, staff from harry reed and mitch mcconnell have been negotiating through the daout the day and in picked up. we have heard that both sides are not budgeting. but we don't know, things can change at any moment. if we have to gauge how to talks have gone so far from the conversations we have had here around capitol hill, they have not been too good at the moment. all that being said though, craig, there's a lot that can happen over the next 48 hours. the deal obviously is to try to have something on the floor that can pass the house of representatives by new year's eve. that is why it's so difficult, craig. you have mitch mcconnell and harry reed trying to get something passed. so there's a lot of moving parts. this is not a really easy road ever. so far, things are not overly optimistic, there was a touch of optimism yesterday and this morning but it went away this afternoon. >> what happened? >> who knows. >> what happened between yesterday afternoon and evening when everyone sounded like this thing may happen and now? >> what happens is they go in a room and start
MSNBC
Dec 8, 2012 2:00am PST
split in two. on one side you have the establishment republicans, the john boehner, mitch mcconnell wing of the party. to them the election was lost because the conservative ideologues pulled mitt romney so far to the right in the primaries he could never find his way back to the middle in november. on the other side is the right wing, jim demint, rick santorum, the talk radio conservative media industrial complex. they make the same argument ideologues always make when they lose. the problem to them was our guy wasn't ideological enough. the conflict is playing out in technicolor with demint blowing the united states senate to become the ceo of the conservative movement and firing a warning shot at boehner in the process. joining me are michael steele, former rnc chair, now one of us, and joy reid, managing editor of thegrio.com. she's also one of us. thank you, gentleman and lady. i want you to look at something. this is what happens when you go near what i call the misery index, the rush limbaugh show. yesterday jim demint, still the united states senator from south carolina, and the
MSNBC
Dec 31, 2012 1:00pm PST
fallen to vice president joe biden and senate minority leader mitch mcconnell who said an agreement is very close and said congress should act on the tax portion of the deal. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. we can do this. we must do this. >> famous last words. i want to go to the capital now. joining us, the dynamic duo, the silver fox and mr. boatshoe. nbc's mike viqueira and luke russert. gentlemen, thanks for being here. our cnbc colleague john harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, the sequester. remember, they agreed upon it last summer i
MSNBC
Dec 30, 2012 2:00pm PST
democrats since then. mitch mcconnell, of course, the republican leader here in the senate, has said he has reached out to joe biden, the vice president, and not incidentally the president of the senate in that capacity. he has had a couple of conversations with him according to republican senators, one, just within the last hour, at least one, when mitch mcconnell left a closed door luncheon of republican senators to speak with joe biden by phone. we understand that joe biden, our crack white house team, put eyes on him going into the white house about 1:45 this afternoon. he was in delaware yesterday. seems unlikely at this point that biden would make the trip up to capitol hill for any face-to-face negotiations. democrats say this is simply a ruse, mitch mcconnell trying to go around harry reid, the democratic leader here and appealing to joe biden, trying to make it look in democratic estimation as if republicans are going the last mile, but, look, we're stuck. we're nowhere at this point. there was a major setback earlier. you mentioned it, the so-called chained cpi. a lot of peopl
MSNBC
Dec 29, 2012 12:00pm PST
. we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of bot
MSNBC
Dec 30, 2012 3:00pm PST
10:00. at 2:00, we saw mitch mcconnell come out and say we still don't have a deal. we've heard criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's proposal. we're not asking republicans to say they want to endoris the proposal. we're simply asking for a vote. we believe that republicans and democrats together could get a majority for the president's proposal to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of t
MSNBC
Dec 21, 2012 6:00am PST
side, an aide to minority leader mitch mcconnell of kentucky waited this morning telling nbc's first read, quote, dems did a great job of killing plan b. i sure hope they have a plan c. of course, plan b never had a shot of passing the senate anyway. harry reid alluded to that in a statement he released last night and said, boehner is still key to a deal, despite what happened. here's reid. speaker boehner's partisan approach wasted an entire week and pushed middle-class families closer to the edge. the only way to avoid the cliff all together is for speaker boehner to return to negotiations and work with president obama and the senate to forge a bipartisan deal. lots going on and we are covering it all at both ends of pennsylvania avenue. kelly o'donnell's nbc capitol hill correspondent, and nbc's peter alexander joins us live from the white house. kelly, i want to start with you. wow, was there a lot of drama on capitol hill last night. i am interested, where do we go from here? the house is now in adjournment until christmas. boehner with a 10:00 a.m. press conference today. what
CNBC
Dec 28, 2012 7:00pm EST
day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to prevent reimbursem
MSNBC
Dec 31, 2012 10:00am PST
andrea mitchell reports, teetering on the edge. are joe bideern and mitch mcconnell close to striking an 11th hour deal to avoid falling off the fiscal cliff? >> there are a number of issues on which the two sides are still apart, and negotiations are continuing as i speak. >> the vice president and i have worked together on solutions before, and i believe we can again. >> lawmakers work through the weekend. president obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned t
MSNBC
Dec 27, 2012 1:00pm PST
mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has followed what has taken place in the house of representatives. the house, as reported lie the press and we all know, one of the plans that didn't have a name, it wasn't plan "b," i don't know what plan it was because they've had a number over there, but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it would have passed. republicans, a myriad of republ
MSNBC
Dec 28, 2012 8:00pm PST
ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantive and makes a difference, especially to the most vulnerable americans? >> yeah, i think the two keys that the president laid out are to protect middle class americans from tax increases and to protect families that haven't been able to get back in the workforce, having their unemployment insurance cut off. and if those two things can be done, a lot of the rest can be worked in in the weeks and days to come. we have other deadlines coming up for the debt limit and for the end of the continuing resolution, so i think this is likely to be a bit of a continuing process. but the really immediate stuff, i think they can clearly do. the big choice is going to be republican lea
MSNBC
Dec 4, 2012 5:00pm PST
mitch mcconnell rails against reform, but john mccain doesn't agree. michigan senator debbie stabenow on filibuster reform. >>> later senator john kerry delivers an emotional response during debate today. >>> and the white house's petition site makes civic engagement easy. maybe too easy. i'll show you one of the more creative petitions out there. stay with us. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health
FOX Business
Dec 30, 2012 4:00am EST
the senate. senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they want any dollar an
ABC
Dec 30, 2012 11:35pm EST
further announcements. >> mitch mcconnell, a frustrated progress,ack of called the vice president for help. >> there is no single issue that remains an impossible sticking point. a sticking point appears to be a and interest or the to close the deal. >> if congress does not act soon, drastic cuts will go into effect and taxes go up for everyone. more than $3,400 for the average american family. >> significant differences n the two sides and negotiations continue. >> negotiations will continue through the night. "politico" ined by reporter to talk about the fiscal cliff. it is looking like the president is going to try to get to introduce legislation to avoid some of the devastating tax increases. when the new congress is sworn in, and that means we're going over the fiscal cliff. unless we get something substantial in the next 24 hours, we will be going over the cliff. tax increases and on everybody. the defense cuts are not start until january 20. most americans are trying to tonight, come their paycheck, will this impact them? it does not create any 74 small-business owners. -- for small
MSNBC
Dec 30, 2012 4:00am PST
sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i'm going to doering i can. i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house side, we still don't know about those hard core intransigents, and even if the senate does come up with something, if the house can agree to go along with it, as kristen said, you
WETA
Dec 28, 2012 8:00pm EST
because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there'
Comedy Central
Dec 3, 2012 10:30am PST
leader. and given how little congress works, some of that has to be mitch mcconnell stopping by harry reid's family dinner to block passage of the mashed potato. (laughter) but i say so what? that's just politics. and mitch mcconnell is warning it could get worse. >> if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic debate then the fighting, the bitterness, and the gridlock will only get worse. in the name of efficiency they would prevent the very possibility of compromise and threaten to make the disputes of the past few years look like mere pillow fights. >> stephen: he's right. to me they already look like pillow fights. i'm pretty sure joe lieberman's jowls are memory foam. (laughter) so you've been warned, harry reid! take away mitch mcconnell's filibuster and he will strike back by obstructing everything you do! or let him keep the filibuster so he can obstruct everything you do! (laughter) i think the choice is clear. we'll be right back. (cheers and applause) (cheers and applause) >> stephen: welcome back, everybody.
MSNBC
Dec 6, 2012 7:00pm PST
about the policies, it is obvious what you have to do here. >> coming up. mitch mcconnel did the most idiotic thing and coming up we will watch him do it. and why he wants to pay more taxes and jim demint is quitting the senate. who is happier to see him go? >> the people of illinois have spoken in a poll and they want michelle obama to be their next seb tore. capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground ship
MSNBC
Dec 7, 2012 1:00am EST
. mitch mcconnel did the most idiotic thing and coming up we will watch him do it. and why he wants to pay more taxes and jim demint is quitting the senate. who is happier to see him go? >> the people of illinois have spoken in a poll and they want michelle obama to be their next seb tore. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. than giving her a diamond is surprising her with one. save the surprise. shop online and ship to any zales store free. only at the diamond store. ♪ i'm lost in the light >>> jim demint is going to quit the senate. and stephen colbert wants the job. and later how dysfunctional the senate has become. that is in tonight's rewrite. [ male announcer ] now's the perfect time to buy an adjustable version of the most highly reco
MSNBC
Dec 8, 2012 1:00am PST
the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span 2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. you figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnell kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. he got his wish and then e he launched a filibuster or a 60-vote challenge against a vote he
MSNBC
Dec 31, 2012 12:00pm PST
were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not. many were angry he chose to have a campaign-style event in the white house complex. mitch mcconnell took the floor of the senate and pretty much calling the president's bluff saying, yes, we have an agreement on taxes. let's go ahead and vote on that. leave the sequester the way it is. that's not going to fly. we have an impasse here. there have been reports that the house of representatives to take whatever passes the senate if something passes and do it a minute after midnight. that scenario of steve and i and all of us talking about voting to cut taxes or not. i'm told re
MSNBC
Dec 7, 2012 4:00am EST
for him, but it's really good for his colleague, republican senate leader mitch mcconnell. you see, jim demint is not your ordinary senator. he's like the grover norquist of the senate. he's the guy the other republican senators are really afraid of. and that is because more so than anyone else and definitely more than any other republican politician, demint is behind the tea party strategy of purifying the republican party in the cleansing fire of party primaries. demint created this pac called the senate conservativist fund, a pac he made into a super pac which makes it more super and exists to help conservative republicans beat other republicans. "since 2009 demint has raised more than $17 million to promote promising candidates in an effort to remake the senate not just in a republican image but in a diehard conservative one." the image of jim demint, even. and he has often done it by going to electoral war with his own party leadership. in the 2012 midterm elections demint threw his weight behind marco rubio in the republican primary for florida's senate race. despite the fact
FOX Business
Dec 28, 2012 6:00pm EST
majority leader, harry reid, mitch mcconnell, it is up to them to craft this thing. it is out of his hands for the next couple of days and into the hands of people in the senate. adam: rich edson at the white house. i know that you are going to regroup. gerri willis and "the willis report" will stop where we leave off. gerri willis is up next to explain all this for you. have a great weekend, everybody. gerri: hello, everybody, president obama calling on congress just moments ago asking to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate ma
MSNBC
Dec 28, 2012 2:00pm PST
leader harry reid, senate minority leader mitch mcconnell would try to hammer out a deal amongst themselves, get it passed through the chamber and send it to the house. house speaker boehner made it clear he had not move first. he wants to see the senate act. the ball is now in the senate's court for all intents and purposes. >> sam, isn't it a bit late in the day to be playing this game of chick snn. >> i don't know what constitutes late in the day at this juncture. i guess we have a few more days, a couple more hours here. i think there's a general consensus we probably will hit the cliff, but that doesn't mean they can't hurry and get something done a day after, two days after, do it retroactively. the hit that would be felt by families would be minimum in that case. a lot of negotiations. we'll see what mcconnell and reid can pick up and forge together. >> nbc news has been reporting that the president's holding firm to this position of not cutting taxes for people earning more than $250,000 a year. you've been talking to republicans all day. will republicans vote for a plan
CNBC
Dec 27, 2012 3:00pm EST
just got word that the senate republican leader mitch mcconnell will be going before cameras shortly so that could be market-moving as well. we'll wait to see what that is. >> when he speaks, we'll bring him to you. flows into stocks-based mutual and exchange traded funds have posted 8 billion and bonds, on the other hand, have taken less than 1 billion. a bit of a rotation going on here. should investors be putting money to work in equities despite today's selloff? >> the battle of stocks versus bond. with us cnbc's jeff cox and kathy jones from charles schwab. waiting to see what the ten-year note is doing. it's come back sharply now with the buying of stocks here. i mean, there is this either/or going on right now, safety vers versus risks, right? >> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise ap
MSNBC
Dec 31, 2012 2:00pm PST
months blaming him. what you saw mitch mcconnell do on the senate floor, fascinating, chris, on the surface. he came out after the president gave that upbeat, cheery, he was joking with all the attendees there in the white house complex about being close to a deal, but really sticking it to republicans in some not so subtle ways that angered a lot of people, including john mccain, but including a lot of people behind the scenes. but mitch mcconnell didn't take the floor and rise to that bait. he said, look, mr. president, you have been saying for weeks if not months we agree on the tax rate issue. let's vote on what we agree on. we'll put the sequester off. we understand there's a closed door meeting of senate republicans going on right now. you correctly reported that the house of representatives does not plan a vote tonight on any putative deal. there is no deal. let's reemphasize that again. we are technically going over the cliff. nothing is certain here, chris. the parameters of the deal you just outlined appeal to be what people are settling. that one issue of sequestration st
MSNBC
Dec 31, 2012 8:00am PST
take a look one more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four percentage points. estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it perhaps three months. this is the ultimate kicking the can down the road. remember the sequester is what got us to this point to begin with. it was supposed to be trigger, the guiotine hanging over the necks of the members of congress to git them to do something by tonight. we only have about 13 more hours. on
MSNBC
Dec 29, 2012 11:00am PST
focus on the senate. majority leader reid and mitch mcconnell trying to hammer out a deal that would, to some extent extend the bush-era tax cuts for those making $250,000 although we might see that number go up to 400,000, 500,000 if there is some type of a deal. the president has called on a deal to extend unemployment insurance benefits so that is another aspect that they're negotiating, but clearly, these negotiations are difficult. they have been from day one and that is why we are seeing them go to the 11th hour, but again, as of right now one democratic source expressing skepticism about getting something done by the all-important deadline. craig? >> the president, of course, appearing on "meet the press" tomorrow. is there a sense that the white house needs to stay out in front of this to convince americans that he's doing his part to reach a settlement before zero hour? >> think that is part of it and we've seen president obama take this tactic before. during the payroll tax cut fight, you'll remember he ran out and talked to people in different states and tried to ramp up p
CNBC
Dec 31, 2012 3:00pm EST
last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama saying a fiscal cliff agreement is quote, in sight. mitch mcconnell moments ago saying quote, we are very, very close. >> to d.c. and john harwood. he and eamon have been monitoring all day. why are we close but not there yet? what's left, john? >> what's left is the agreement between the two parties on delaying those automatic across the board defense and domestic budget cuts which nobody wants. they deliberately set up so they wouldn't take place. democrats want to defer those for a year. republicans say we're only going to put them off to the extent you can find budget cuts that match the amount that the sequester would have been. now, the republicans are offering two or three months, 60 or 90 days and suggesting cuts. but d
MSNBC
Dec 30, 2012 5:00pm PST
, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> i
FOX Business
Dec 27, 2012 1:00pm EST
about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could take beyond the new year before it gets through congress to t
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